Australia's Tax System Under Fire: AMWU's Bold Manifesto Explained (2026)

The Australian Manufacturing Workers' Union (AMWU) has released a bold manifesto ahead of the Labor Party's national conference, outlining a comprehensive set of policies aimed at addressing income inequality, wealth distribution, and social welfare. The manifesto, titled 'Blueprint for a Working-Class Agenda', proposes a series of radical economic and social reforms that go beyond what the current government might realistically adopt.

One of the key proposals is a restructuring of the tax system, which the AMWU describes as 'rigged in favor of private wealth accumulation and speculation'. They suggest implementing a new marginal tax rate for individuals earning above $500,000 annually, significantly increasing the current highest marginal rate of 47% (including the 2% Medicare levy). This move is intended to redistribute wealth more equitably and fund various social programs.

The manifesto also calls for an annual wealth tax on assets (excluding the family home) and an inheritance tax on substantial bequests. These measures aim to prevent the intergenerational concentration of wealth and promote a more progressive society. Additionally, the AMWU advocates for higher taxes on gas exports, proposing a 'fundamental reform' to the petroleum resource rent tax to ensure a 'fairer return' on natural resources.

In terms of social welfare, the union wants to make education, from childcare to university, free of charge. They also propose raising welfare payments to eradicate poverty and nationalizing the aged care system to ensure social security as a fundamental right. Furthermore, the AMWU supports the idea of workers having veto rights over the use of artificial intelligence in their workplaces and negotiating a share of the revenue generated by AI.

One of the most controversial aspects of the manifesto is its call for 'sovereignty and justice' for Indigenous Australians. This includes implementing the Uluru Statement from the Heart, which advocates for a 'voice to parliament' and the removal of symbols of 'colonial oppression' from public life. However, the union declined to comment on whether they intend to push these specific ideas at the Labor national conference.

While the AMWU's agenda is ambitious and may not be fully realized, it highlights the progressive stance of the Labor Party and the growing pressure on the government to address income inequality and social welfare. The manifesto serves as a platform for discussion and debate among Labor members and MPs, shaping the party's policy platform ahead of the national conference.

Australia's Tax System Under Fire: AMWU's Bold Manifesto Explained (2026)

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